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US Dollar hits all time high at Rs190

KARACHI: Amid ongoing uncertainty in the country, the Pakistani Rupee continued to slump against US Dollar in the interbank market.

The local currency depreciated Rs1.34 on the back of weak macros including higher import bills along with a delay in the IMF tranche.

The dollar was being quoted at around 190 when compared to the previous day’s close of 188.66.

Meanwhile, Pakistan Stock Exchange (PSX) also witnessed a bearish trend as the KSE-100 index full by over 600 points in intraday trade and fell below 43,000 mark.

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